TCM Group A/S

Common Name
TCM Group
Country
Denmark
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
524
Ticker
TCM
Exchange
NASDAQ COPENHAGEN A/S
Description
TCM Group A/S is a leading furniture manufacturer based in Denmark, specializing in the design and production of kitchen, bathroom, and storage solutions. The company operates mainly within the Nordic...

TCM Group's GHG Emissions Data Preview

In 2023, TCM Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, TCM Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind TCM Group’s Greenhouse Gas (GHG) Emissions Data

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a. TCM Group's Annual Report 2023
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Insights into TCM Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of TCM Group amounted to 1,231 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of TCM Group decreased by 36.02%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

TCM Group's Scope 1 Emissions Over Time

2019202020212022202304008001.2 k1.6 ktCO2e+1%-9%-21%+18%
  • Total Scope 1
  • Year-over-Year Change

What are TCM Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of TCM Group were 1,215 metric tons of CO₂ equivalent (tCO₂e). a

Has TCM Group reduced its Scope 1 emissions over time?

Since 2019, TCM Group's Scope 1 emissions have decreased by 14.86%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), TCM Group's Scope 1 emissions increased by 17.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are TCM Group's Scope 2 emissions?

In 2023, TCM Group reported Scope 2 greenhouse gas (GHG) emissions of 16 tCO₂e without specifying the calculation method. a

Has TCM Group reduced its Scope 2 emissions over time?

Since 2019, TCM Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 99.07%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), TCM Group's Scope 2 emissions (Unspecified Calculation Method) fell by 98.21% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does TCM Group use for Scope 2 reporting?

In 2023, TCM Group reported its Scope 2 emissions using an unspecified methodology. a

TCM Group's Scope 2 Emissions Over Time

2019202020212022202304509001.35 k1.8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into TCM Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, TCM Group reported Scope 1 greenhouse gas (GHG) emissions of 1,215 tCO₂e and total revenues of USD 165 millions. This translates into an emissions intensity of 7.38 tCO₂e per millions USD. a

TCM Group's Scope 1 Emissions Intensity Compared to Peers

1001,00020,000200,0002,000,000Scope 1 Emissions (tCO2e)505002,00010,000100,000Revenues (Millions of USD)GHKotobuki SpiritsYear: 2024Scope 1: 3,388 tCO2eRevenue: $M 1,846Scope 1 Intensity: 1.84 tCO2e/$MVoltasYear: 2024Scope 1: 7,562 tCO2eRevenue: $M 1,488Scope 1 Intensity: 5.08 tCO2e/$MGGGreeYear: 2023Scope 1: 726,654 tCO2eRevenue: $M 28,847Scope 1 Intensity: 25.19 tCO2e/$MLa-Z-BoyYear: 2023Scope 1: 39,430 tCO2eRevenue: $M 2,349Scope 1 Intensity: 16.78 tCO2e/$MOppein Home GroupYear: 2023Scope 1: 10,369 tCO2eRevenue: $M 3,206Scope 1 Intensity: 3.23 tCO2e/$MRinnaiYear: 2023Scope 1: 36,437 tCO2eRevenue: $M 3,192Scope 1 Intensity: 11.41 tCO2e/$MCromptonYear: 2024Scope 1: 3,660 tCO2eRevenue: $M 872Scope 1 Intensity: 4.20 tCO2e/$MHNIYear: 2020Scope 1: 52,892 tCO2eRevenue: $M 1,955Scope 1 Intensity: 27.05 tCO2e/$MZhejiang SuporYear: 2023Scope 1: 28,770 tCO2eRevenue: $M 2,998Scope 1 Intensity: 9.60 tCO2e/$MKing Slide WorksYear: 2023Scope 1: 511 tCO2eRevenue: $M 188Scope 1 Intensity: 2.72 tCO2e/$MWhirlpoolYear: 2023Scope 1: 140,806 tCO2eRevenue: $M 19,455Scope 1 Intensity: 7.24 tCO2e/$MMillerKnollYear: 2022Scope 1: 34,753 tCO2eRevenue: $M 3,946Scope 1 Intensity: 8.81 tCO2e/$MSteelcaseYear: 2024Scope 1: 31,574 tCO2eRevenue: $M 3,160Scope 1 Intensity: 9.99 tCO2e/$MMasterbrand IncYear: 2023Scope 1: 39,413 tCO2eRevenue: $M 2,726Scope 1 Intensity: 14.46 tCO2e/$MHHHisense Home Appliances GroupYear: 2023Scope 1: 41,795 tCO2eRevenue: $M 12,044Scope 1 Intensity: 3.47 tCO2e/$MHowden Joinery GroupYear: 2024Scope 1: 37,478 tCO2eRevenue: $M 2,914Scope 1 Intensity: 12.86 tCO2e/$MJS Global LifestyleYear: 2023Scope 1: 291 tCO2eRevenue: $M 11,152Scope 1 Intensity: 0.03 tCO2e/$MV-ZUG HoldingYear: 2024Scope 1: 3,261 tCO2eRevenue: $M 653Scope 1 Intensity: 4.99 tCO2e/$MTCM GroupYear: 2023Scope 1: 1,215 tCO2eRevenue: $M 165Scope 1 Intensity: 7.38 tCO2e/$M

How does TCM Group's GHG emissions intensity compare to its peers?

In 2023, TCM Group reported a Scope 1 emissions intensity of 7.38 tCO₂e per millions USD. Compared to the peer group median of 8.02, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does TCM Group rank on GHG emissions intensity within its industry?

In 2023, TCM Group ranked 10 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

TCM Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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